M&A Deal Summary

Wabtec Acquires Bloom Engineering

On December 30, 2024, Wabtec acquired manufacturer Bloom Engineering from Hilltop Private Capital and Caledonia Private Capital for 69M USD

Acquisition Highlights
  • This is Wabtec’s 10th transaction in the Manufacturing sector.
  • This is Wabtec’s 10th largest (disclosed) transaction.
  • This is Wabtec’s 24th transaction in the United States.
  • This is Wabtec’s 5th transaction in Pennsylvania.

M&A Deal Summary

Date 2024-12-30
Target Bloom Engineering
Sector Manufacturing
Buyer(s) Wabtec
Sellers(s) Hilltop Private Capital
Caledonia Private Capital
Deal Type Add-on Acquisition
Deal Value 69M USD

Target

Bloom Engineering

Pittsburgh, Pennsylvania, United States
Bloom Engineering designs and manufactures combustion products, systems, and services that achieve optimal productivity, efficiency, and environmental performance for the metallurgical and process heating industries worldwide. Bloom Engineering was founded in 1934 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Wabtec

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1869
Sector Machinery
Employees29,000
Revenue 9.7B USD (2023)
DESCRIPTION

Wabtec is a provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec builds new switcher and commuter locomotives and provides aftermarket services, including locomotive and freight car fleet maintenance. Wabtec was formed in 1869 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 46 of 46
Sector (Manufacturing) 10 of 10
Type (Add-on Acquisition) 38 of 38
State (Pennsylvania) 5 of 5
Country (United States) 24 of 24
Year (2024) 3 of 3
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Kompozitum

Bratislava, Slovakia

Kompozitum is a provider in the field of technical machined carbon and graphite components with special metal or resins impregnations, moving the limits in usability of high-quality carbon or graphite materials. Kompozitum is headquartered in Bratislava, Slovakia.

Buy -

Seller(S) 2

DESCRIPTION

Hilltop Private Capital is a private investment firm focused on acquiring controlling stakes in business and industrial services companies. Hilltop will consider a variety of investment situations including divestitures, control buyouts, growth capital financing, and recapitalizations. The Firm targets business with $10 to $150 million in revenues. Hilltop Private Capital was formed in 2016 and is based in New York City.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 American Track

Fort Worth, Texas, United States

American Track specializes in the inspection, repair, maintenance, design, and construction of railroad tracks, predominantly for private industrial users. American Track was founded in 1978 and is based in Fort Worth, Texas.

Sell -
DESCRIPTION

Caledonia Private Capital is the private equity investment arm of asset manager and investment trust Caledonia Investments Plc. The Firm looks to acquire and invest in UK middle-market businesses valued from £50 to £125 million. Sectors of interest include in financial services, consumer services, industrial, healthcare, leisure, engineering, and real estate management. Caledonia Private Capital is based in London.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-19 DTM

Skelmersdale, United Kingdom

DTM is an independent tyre management company formed specifically to work with customers giving them a real choice of brand and service provider. Typically the service demands of customers in today's market are numerous; therefore invariably the requirement to use numerous different options exists but is too complex and time-consuming for the customer to manage. DTM was formed in 2004 and is based in Skelmersdale, England.

Buy -